Company Insight

Nam Long Investment Corporation (HOSE: NLG) is one of the leading affordable property developer in Vietnam. Based on RNAV method, we recommend buy NLG with a target price at VND 44,200. The revenue and NPAT of NLG will increase in the future because: (1) NLG is a reputable property developer, owning a clean land bank of 684 hectares of potential for long-term development; (2) NLG can lead the recovery thanks to affordable segments, presales in 2024 are expected to reach VND 9,360 billion (+68.5% YoY); and (3) Strong financial potential, low financial leverage.